The Federal Housing Administration (FHA) has been making efforts to draw new homebuyers to the market. One such effort was announced at the beginning of January with the news that the mortgage insurance premiums for FHA-backed loans will be reduced from 1.35 percent to .85 percent.
This news is expected to make buying a home more affordable for over 2 million Americans before 2018. The average borrower should see savings of nearly $1,000 on their premiums year after year because of this change. Could this increase in affordability help you finally move into your dream home this year?
For all of your home buying needs, contact Andraya Coulter. As a home lending expert in Northern California, I am here to help you get into your ideal Bay Area home. Do not wait to get the guidance you deserve to move into your dream home in 2015. Call me today!